rates.my
Sign in
Construction workers in orange safety vests on a rebar-reinforced site
Investing

First to close green

Pioneer Heat Holdings Closed Its ACE Market Debut 20% Above the IPO Price

RaymondRates.my2 min read

📊 Stocks in this story · tap for live chart & discussion

Pioneer Heat Holdings became the first Bursa ACE Market debut this month to close green. The two IPOs before it, Butterfield FB and GTA Holdings, both closed below their issue price.

First-day trading

PIONEER 0471 · ACE Market · debut day · RM0.300 ▲ 20% above its 25 sen IPO priceO 0.255 H 0.345 L 0.255 C 0.30017 Sep 2026 · Vol 80.18m0.240.270.300.330.36IPO price 25 sen0.30017 Sep 2026 (listing day)Volume, m shares25m50m75m80.18mSource: klsescreener.com, close 17 Sep 2026
17 September 2026, Pioneer Heat's first trading day. It opened at 25.5 sen, touched a session high of 34.5 sen, then closed at 30 sen — 20% above its 25 sen IPO price, on 80.18 million shares.
  • Market cap closed near RM104 million, up from RM86.73m at listing on the 346.9m enlarged share base.
  • TA Securities valued the shares at 24 sen before listing, calling the IPO price “a tad overvalued.”

Third ACE debut this month, first to hold a premium

Close vs IPO price, three ACE Market debuts this monthButterfield FBlisted 15 Sep−4.17%GTA Holdingslisted 8 Sep−4.30%Pioneer Heatlisted 17 Sep+20.00%IPO price
Butterfield FB (15 Sep) and GTA Holdings (8 Sep) both closed below their IPO price. Pioneer Heat is the first of the three to close above it.
  • Pioneer Heat’s IPO was oversubscribed 47.8 times — the highest demand of the three, the only one to close green.
A red and green candlestick trading chart on a screen
Pioneer Heat's debut chart stayed green all session — it never traded below its 25 sen IPO price.

Read the oversubscription result that preceded today’s debut, or compare brokers for your next Bursa IPO application.

What to watch

  • 30 Sep 2026Twelve fixed deposit promos this site tracked expire the same day.
  • 5 Nov 2026Bank Negara’s next MPC decision, its final meeting of 2026.
Not financial advice. This is general information on Pioneer Heat Holdings Bhd’s first trading day, based on closing-price data from klsescreener.com as at 17 September 2026. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices with your broker before acting.

Sources & further reading

Ready to act on this?

Compare brokers for your next Bursa IPO application

Keep reading

InvestingWhy Is AirAsia Share Price Falling? Fuel, Funding and the 2008 PlaybookInvestingButterfield FB Closed 4.2% Below Its IPO Price, Not the 10% Headlines ReportedInvestingMalaysian Finance Calendar: 14-20 September 2026

💬 Market Chat

Join the discussion — share your take on this with other Rates.my readers.

💬 Discussion

Your rating:
(optional)
Loading discussion…

This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

← All insights